Vista Investment Partners LLC Takes Position in Eversource Energy $ES

Vista Investment Partners LLC bought a new position in shares of Eversource Energy (NYSE:ES) during the 3rd quarter, HoldingsChannel reports. The fund bought 8,501 shares of the utilities provider’s stock, valued at approximately $605,000.

Other hedge funds also recently modified their holdings of the company. Neo Ivy Capital Management bought a new stake in Eversource Energy during the second quarter worth about $26,000. Trust Co. of Toledo NA OH bought a new position in Eversource Energy in the 2nd quarter valued at about $28,000. Elevation Point Wealth Partners LLC bought a new position in Eversource Energy in the 2nd quarter valued at about $31,000. Hilltop National Bank acquired a new position in shares of Eversource Energy in the 2nd quarter valued at approximately $32,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of Eversource Energy by 122.0% during the 2nd quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 300 shares during the period. Institutional investors own 79.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Scotiabank decreased their price objective on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research note on Friday, October 31st. JPMorgan Chase & Co. decreased their price target on Eversource Energy from $72.00 to $71.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. Janney Montgomery Scott raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a report on Monday, November 24th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.27.

Insider Transactions at Eversource Energy

In related news, EVP James W. Hunt III sold 4,129 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.77, for a total value of $300,467.33. Following the completion of the transaction, the executive vice president owned 32,415 shares in the company, valued at $2,358,839.55. This trade represents a 11.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Eversource Energy Stock Up 1.2%

Shares of ES opened at $67.16 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.64 and a current ratio of 0.71. Eversource Energy has a 52 week low of $52.28 and a 52 week high of $75.25. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.39 and a beta of 0.76. The stock has a fifty day moving average of $69.86 and a 200-day moving average of $67.40.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, November 4th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.07. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.13 EPS. As a group, sell-side analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a $0.7525 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $3.01 annualized dividend and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio is currently 82.47%.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.